S&P/ASX 200 IndexShort
ASX Correction
Currently struggling at 6.1-6.2k level with MA and EMA convergence, pressure from macro trendline above, fibonacci golden pocket and the MACD is currently approaching to 0 level which is often where reversals occur. A weekly close below 6050 provides a strong short bias, breaking the 6.2k level with a weekly close invalidates this idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.